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Steel News

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Home Steel News ArcelorMittal considers investing addtional $1 billion in Mexico
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ArcelorMittal considers investing addtional $1 billion in Mexico

14 Jun 2019 15:25 reported by Hazel Chen

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In addition to ArcelorMittal's new hot-rolled strip mill at its Lazaro Cardenas plant, which would start production in the second half of 2020, Mexican President Andres Manuel Lopez Obrador urged ArcelorMittal to invest another US$1 billion in Mexico to have more employment opportunities and strengthen the domestic market.

The chairman and the Chief Executive Officer (CEO) of ArcelorMittal, Lakshmi Mittal, was devoted to expanding its investment in Mexico and he also mentioned the company planned to integrate all processes from mining to steel production.

ArcelorMittal Mexico currently produced 4 million tons of steel per year. After the completion of the hot-rolled strip mill, the total production would reach 5.3 million tons per year, which would greatly increase the company's share of finished steel in the domestic market in Mexico.

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